Summary: District of Columbia American National Red Cross; Letter of Credit Feb 09
Standard & Poors, February 2009
Abstract
Standard & Poor's Ratings Services lowered its rating on District of Columbia's (American National Red Cross) multimodal revenue bonds series 2000 to 'AA-/A-1+' from 'AA/A-1+'. This action follows Standard & Poor's downgrade of JP Morgan Chase Bank N.A., the letter of credit provider, to 'AA-/A-1+' from 'AA/A-1+'. The long-term and short-term components of the rating are based on JP Morgan Chase Bank N.A....
Companies mentioned in this report are:
- American National Red Cross
- District of Columbia
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- American National Red Cross
- District of Columbia
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